IO Interactive regains full ownership of Project Fantasy following end of Xbox deal, shuts down Istanbul studio and lays off developers "to find a new balance"
IO Interactive regains full ownership of Project Fantasy after ending its deal with Xbox, leading to studio closures and layoffs.
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The brief
IO Interactive has regained full control of Project Fantasy following the termination of a deal with Xbox. Concurrent with this shift in ownership, the company is shutting down its Istanbul studio and initiating developer layoffs to find a new balance.
Coverage from Wccftech, IGN, Game Developer, and Eurogamer.net emphasizes that IO Interactive is now funding Project Fantasy alone. These outlets highlight that the studio closures and staffing cuts follow Xbox's exit from the project.
Future developments center on how the developer of Hitman and Bond will manage Project Fantasy's funding and operations independently after the Istanbul office closure.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1d ago.
Quick answers
What happened to Project Fantasy?
IO Interactive has regained full ownership and is now funding the project alone following the end of a deal with Xbox.
Which office is being closed?
IO Interactive is shuttering its Istanbul studio.
Why are layoffs occurring?
According to Eurogamer.net, the layoffs and studio closure are intended to help the company "find a new balance."
Coverage (7)
- IO Interactive Reclaims Ownership of Online RPG Project Fantasy 80 Level · 1d ago
- IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox GamesIndustry.biz · 1d ago
- IO Interactive Shuts Down Istanbul Studio Months After 007 First Light Smash Hit TechPowerUp · 1d ago
- IO Interactive Doubles Down on Project Fantasy Funding Alone After Xbox Bails, Shuttering Its Istanbul Office to Survive Wccftech · 1d ago
- Following Xbox Cuts, Bond and Hitman Developer IO Interactive Confirms It is Closing a Studio and Beginning Layoffs IGN · 1d ago
- IO Interactive closing Istanbul studio after regaining control of Project Fantasy Game Developer · 1d ago
- IO Interactive regains full ownership of Project Fantasy following end of Xbox deal, shuts down Istanbul studio and lays off developers "to find a new balance" Eurogamer.net · 1d ago
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